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Tata AIA Life Saral Jeevan Bima Term Life Insurance

Tata AIA Life Saral Jeevan Bima Term Life Insurance

A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan.

We all want to ensure that our loved ones have a comfortable life and secured future. We all thrive to provide happiness and security to our family. We want to make sure they are never short in terms of financial resources to live the life of their dreams, thereby providing a strong 'foundation' of financial security for them. Presenting Tata AIA Life Insurance Saral Jeevan Bima, a simple and affordable insurance plan that provides financial protection to your family

Tata AIA Life insurance review

Distribution - Number of branches pan India (March 2019)
222

Entry Age Minimum/Maximum (Years) - Term Plans
18/70

Sum Assured Minimum / Maximum - Term Plans
50 lacs / Unlimited

Policy Term Minimum / Maximum (Years) - Terms Plans
10/40

Solvency Ratio (FY 2018-19) *
2.60

Number of Policies Sold (Ind+Group) *
478,182

Number of Lives Covered (Ind+Group) **
927,653

Claims Settlement Ratio (Ind+Group) ***
99.22%

* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20 | *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Tata AIA Life Saral Jeevan Bima Overview

Key Benefits
Eligibility

Key benefits of Tata AIA Life Saral Jeevan Bima

Simple and affordable pure protection plan
Flexibility to choose Policy Term and Premium Paying Term
Lower premium rate for Female lives
Enhance your protection with Optional Riders
Tax benefits, as per the applicable Income Tax laws

Eligibility criteria of Tata AIA Life Saral Jeevan Bima

Entry Age	18 years to 65 years
Max Age at Maturity1	70 Years
Policy Term (PT) (Years)	Min: 5 years Max: 40 years, subject to max maturity age as mentioned above.
Premium Payment Mode	Single / Annual / Half-yearly / Monthly (only with ECS/NACH)

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025